Trump's Mar-a-Lago club just doubled its new membership fee to $200,000

The Trump Organization's premiere Florida property, The
Mar-a-Lago Club in Palm Beach, has doubled its initiation
fee for new members to $200,000,
according to CNBC sources.

CNBC notes that there's no way to know if the price increase
is due to rising demand for memberships, but there's no doubt the
club has enjoyed a higher profile as of late. The changes went
into effect January 1.

President Donald Trump visited the club multiple times as both
candidate and president-elect. He will use the resort as his
winter White House, and is planning a trip there as soon as
February 3,
according to The New York Times.

The initiation fee was previously $200,000 up until 2012, when it
was cut down to $100,000 following the Bernie Madoff
scandal. To retain access to the resort, members must also
pay $14,000 in yearly dues.

The resort itself is 20 acres of land, with a 20,000-square-foot
ballroom, beach club, large pool area, tennis courts, and
restaurants. Trump purchased it in 1985 for $10 million before
turning it into the club it stands as now. It counts Marvel
Entertainment CEO Isaac Perlmutter and New England Patriots owner
Robert Kraft among its members.

Donald Trump during a
campaign event at Mar-a-Lago.John
Moore/Getty Images